Climate Opportunities Fund worth Rs 1,500 Cr launched by GFC
The Green Frontier Capital India Climate Opportunities Fund, the first SEBI-approved Category 2 Alternative Investment Fund (AIF) with a target corpus of Rs 1,500 crore, is introduced by Green Frontier Capital (GFC), an early-stage climate-tech investment firm.
Through investments in game-changing climate technologies, the fund will concentrate on hastening India’s low-carbon transition, according to a press release from GFC.
The AIF is intended to help India-based investors fund regional climate-tech businesses, supporting the nation’s sustainable development objectives, according to GFC. The fund will mainly target forward-thinking, India-based businesses from Seed to Series A stages, emphasizing solutions in disruptive technologies, digitization, and decarbonization.
For resource optimization and sustainable growth, GFC will make investments in fields like IoT, big data, and artificial intelligence. The business intends to focus on technologies that lower emissions in vital industries and assist new developments in biological intelligence and other areas that are transforming food systems, sustainability, and the life sciences.
In order to support early-stage businesses that are ready to take the lead in their industries, the AIF prioritizes sustainability locally while leveraging global policies. It aims to promote sustainable change and yield significant returns.
Recently, the VC firm led a $3 million pre-Series A round in ElectricPe, an EV super-app.
Green Frontier Capital is a venture capital firm founded by Sandiip Bhammer with the goal of assisting early-stage Indian businesses creating cutting-edge climate solutions. The company has supported well-known startups like Battery Smart, BluSmart Mobility, E-Motorad, and Nutrifresh and invests in cutting-edge technologies in decarbonization, emissions reduction, and sustainable energy.